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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: akidron who wrote (18725)	4/10/1998 11:56:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 70976

Aki, re: fred meyer... of greenspan inc, suggested higher interest rates were probable in a speech last night... Is Fred Larry's brother? Did Fred give a speech which had considerably different content than that given by Fed Reserve Board Governor Lawrence Meyer. April 9, 1998 Governor Laurence H. Meyer Presented to Public Policy Meeting, Federal Reserve Bank of Atlanta and an excerpt from the speech giving the exact opposite message as that of your "suggestion". By the way, nowhere in the speech was I able to detect any indication that "higher interest rates" are probable or even likely. Rather, there were several passages which provided a case for tightening immediately followed by the case for leaving things alone. ... The second story I call "permanent bliss." This story emphasizes the possibility that structural changes have permanently altered what the economy is capable of delivering in terms of both average growth and the unemployment rate consistent with stable inflation. In this interpretation, monetary policy must be careful not to interfere with the economy taking advantage of its improved potential. ... But the whole speech is interesting and worth reading, IMO. This can be done at: bog.frb.fed.us The speech left me with the impression that the Fed is not in unanimous agreement re the actions required, if any, to preserve this economic boom. ... and that any individual member may hold different views on different days (or perhaps even the same day). Maybe they should join us on this thread. :-) Ian.

To: akidron who wrote (18725)	4/12/1998 1:09:00 PM
From: davesd	Read Replies (3) \| Respond to of 70976

Been a long time since I posted.....unfortunately, this post is going to be a revisit of my past posts....All I have heard is that FABs are spending less this year than last year, there is a glut in every chip area.....The news of INTC cutting the KLIC order is significant...I'm sure AMAT and others will feel that pain too. DRAM prices are slipping faster than normal....there is still a glut in the industry with no end in sight....SO can anyone give me any fundamental reason why I should add to my "momentum" AMAT position?? dave